Scope of assessment under section 143(1) Income Tax Assessment under section 143(1) of IT Act is like preliminary checking of the Income Tax Return. At this stage no detailed scrutiny... Read more
Corporate tax rates slashed to 22% for domestic companies and 15% for new domestic manufacturing companies and other fiscal reliefs The Government has brought in the Taxation Laws (Amendment... Read more
Important Articles of Indian Constitution Article 12 –35 (Part-III) of Fundamental Rights – Article 14: Equality before law Article 15: Prohibition of discrimination on gro... Read more
Marine Insurance Insurance law is a popular word for the general public. Insurance law is regulation of the business of insurance, insurance policies, claim handling and especially with rega... Read more
Mainly two benefits are available :- Section 80TTB of the Income Tax law Section 80TTB of the Income Tax law gives provisions relating to tax benefits available on account of interest income... Read more
Who is covered by tax audit ? FAQ deals with Income Tax Audit Provisions in India. As per section 44AB, following persons are compulsorily required to get their accounts audited:- A person... Read more
Amendment of section 54 In section 54 of the Income-tax Act, in sub-section (1), after clause (ii), the following provisos shall be inserted with effect from the 1st day of April, 2020, name... Read more
तलाक होने के बाद भी पत्नी का हक़ है गुजारा-भत्ता भारतीय कानून व्यवस्था में महिलाओ के हितो में कई महत्वपूर्ण कानून आये, और उनका भरपूर फायदा महिलाओ द्वारा लिया गया, इन्ही में से एक कानून है गु... Read more
विक्रेता को भुगतान न करने पर रिवर्स करना होगा इनपुट टैक्स अभी तक हमारे देश में लागू अप्रत्यक्ष कर कानून में विक्रेता को भुगतान न करने पर इनपुट टैक्स को रिवर्स करने का कोई प्रावधान नहीं था... Read more
